Relx Plc (NYSE:RELX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Relx Plc (NYSE:RELX) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms have issued reports on RELX. TD Cowen began coverage on shares of Relx in a research note on Thursday, September 10th. They set a “buy” rating for the company. Weiss Ratings upgraded shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. TD Securities raised Relx to a “strong-buy” rating in a report on Friday, September 11th. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Finally, Barclays reissued an “overweight” rating on shares of Relx in a report on Friday, July 24th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Capital International Investors lifted its holdings in Relx by 66.7% in the fourth quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock worth $433,887,000 after purchasing an additional 4,264,474 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Relx by 185.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock worth $140,955,000 after buying an additional 2,763,766 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Relx by 14.3% in the 1st quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock worth $138,568,000 after acquiring an additional 522,619 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Relx by 12.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company’s stock worth $100,783,000 after acquiring an additional 328,282 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Relx by 12.1% in the first quarter. Royal Bank of Canada now owns 1,736,295 shares of the technology company’s stock valued at $57,558,000 after acquiring an additional 187,132 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Trading Up 0.9%

RELX stock opened at $33.48 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 5.23. Relx has a fifty-two week low of $27.57 and a fifty-two week high of $47.22. The firm’s 50-day simple moving average is $35.03 and its 200 day simple moving average is $34.03.

Relx Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th were given a dividend of $0.2785 per share. This is a drop from Relx’s previous dividend of $0.6559. The ex-dividend date was Friday, August 7th. This represents a yield of 157.0%.

About Relx

RELX plc is a global information and analytics company that provides specialized content, data, software, and decision-support tools to professional and business customers. Its products are designed to help customers work more efficiently, manage risk, conduct research, comply with regulations, and make informed decisions.

The company operates through several major business areas. Elsevier serves the scientific, technical, and medical markets with research journals, books, databases, and analytical tools.